ESG considerations are becoming crucial in national policy for sustainable development strategies and regulatory frameworks. Governments play a vital role in shaping ESG policies by incentivizing companies to adopt sustainable practices, disclosing ESG information, and integrating social and environmental factors into decision-making. This includes establishing environmental regulations, promoting renewable energy, supporting social welfare programs, enhancing corporate governance, and incentivizing responsible investment practices.
The paper may be able to provide directions to putting forward the best interests of the country with respect to ASEAN.
The study is relevant to policy makers in terms of preparing the country in facing shifts in trade and investment rules towards ESG
The study can also lay out policy options to policymakers in order to incentivize ESG adoption.